Coût d'acquisition

ELEMENT MATERIEL (A) MATERIEL (B)

PRIX D'ACHAT HT 5,000,000
DD 500,000
Transport 500,000
Coût d'acquisition 6,000,000
Chiffre d'affaires
ELEMENTS 1 2 3 4
QTE VENDUES 5000.000 5250.000 5512.500 5788.125
PVu 2,000 2,000 2,000 2,000
CA HT 10,000,000 10,500,000 11,025,000 11,576,250

Charges decaissables
ELEMENTS 1 2 3 4
QTE VENDUES 5,000 5,250 5,513 5,788
Cdu 1,200 1,200 1,200 1,200
Charges decaissables 6,000,000 6,300,000 6,615,000 6,945,750

Variation du BFR et Récupération du BFR

Element 0 1 2 3
BFR 833,333 875,000 918,750
Variation du BFR 833,333 41,667 43,750 45,938
RECUP BFR
 5
6077.531
2,000
12,155,063

5
6,078
1,200
7,293,038

4 5
964,688 1,012,922
48,234
1,012,922
PLAN D'AMORTISSEMENT
PERIODE VNC DEBUT AMORT CUMUL AMORT VNC FINALE TD
1 6,000,000 2,400,000 2,400,000 3,600,000 40%
2 3,600,000 1,440,000 3,840,000 2,160,000 40%
3 2,160,000 864,000 4,704,000 1,296,000 40%
4 1,296,000 648,000 5,352,000 648,000 40%
5 648,000 648,000 6,000,000 - 40%
TL
20%
25%
33%
50%
100%
DETERMINATION DES CASH FLOW
ELEMENTS 0 1 2 3 4
Chiffre d'affaires 10,000,000 10,500,000 11,025,000 11,576,250
Charges decaissables 6000000 6300000 6615000 6945750
Amortissements 2,400,000 1,440,000 864,000 648,000
RAI 1,600,000 2,760,000 3,546,000 3,982,500
IS 480,000 828,000 1,063,800 1,194,750
RN 1,120,000 1,932,000 2,482,200 2,787,750
Amortissements 2,400,000 1,440,000 864,000 648,000
CAF 3,520,000 3,372,000 3,346,200 3,435,750
VRN
RECUP DU BFR
FLUX ENTRAN 0 3,520,000 3372000 3346200 3435750
COUT ACQUIS 6000000
ΔBFR 833333 41667 43750 45938 48234
FLUX SORTAN 6833333 41667 43750 45938 48234
CASH FLOW -6833333 3478333 3328250 3300263 3387516
Actualisation 1 0.89 0.79 0.70 0.63
CFA -6833333.33 3095704 2636286 2326555 2125369

La rentabilité du projet VAN 6081544

TRI 42.85%
Le risque du projet
PERIODE CFA CUMUL CFA
1 3095704 3095704
2 2636286 5731990
DRCI 6833333
3 2326555 8058545
4 2125369 10183914
5 2730963 12914877
 5
12,155,063
7293038
648,000
4,214,025
1,264,208
2,949,818
648,000
3,597,818
280000
1012922
4890739

0
4890739
0.56
2730963
Actualisation
ELEMENTS Montants 0.6
CP 3600000 0.4
Dettes 2400000
Kcp 0.122
Kd 0.126
CC 0.1236